X-Rays May Be Regarded as

question 29

Multiple Choice

X-rays may be regarded as

• A)high frequency sound waves.
• B)high frequency radio waves.
• C)both of these
• D)none of these

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Definitions:

Deadweight Loss

A shortfall in economic optimization that occurs when the balance for a good or service is missed or impossible to hit.

Tax

A compulsory financial charge or levy imposed by a government on individuals or entities to fund public expenditure.

Consumer Surplus

The difference between the aggregate willingness to pay by consumers for a good or service and the aggregate actual payment.

Deadweight Loss

An economic inefficiency caused by a disruption in market equilibrium, leading to a loss of societal welfare.